Fighter aircraft TejasThe defence PSU Hindustan Aeronautics Limited (HAL) has provided the Indian Air Force with 83 Tejas fighter aircrafts at a reduced cost of Rs 39,000 crore. Earlier, the cost of this deal was Rs 56,500 crore. The reduction by approximately Rs 17,000 crore came after a round of exhaustive negotiations and deliberations between the two parties.
According to a source, the procurements file will now be sent to the Cabinet Committee on Security (CCS) for the final stamp of approval now that the deal has been finalised in Rs 39,000 crore. It is being reported that the file could be cleared before March 31. After the contract is finalised, HAL could start the deliveries of Mark-1A jets in 3 years, according to a Times of India report.